By Yasuhiko Seki and Yumi Ikeda
June 4 (Bloomberg) -- Japan may spark the next global debt crisis unless the nation’s new leader addresses its widening fiscal deficit, Kusano Global Frontier Co. said.
Prime Minister Yukio Hatoyama’s resignation two days ago may hamper the ruling Democratic Party of Japan’s plan to cut government debt, the world’s largest, said Toyomi Kusano, president and chief executive officer at Kusano Global, a hedge-fund research firm in Tokyo. Finance Minister Naoto Kan, who said he will run for leadership of the DPJ, has pledged to hammer out this month a mid-term plan on improving finances.
“What is bothering foreign investors the most is Japan’s debt issue and the related risk of Japan triggering the next sovereign debt crisis,” Kusano said in an interview. Read more
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